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Asking Eric: We’re trying to teach our nephews value of wise financial planning. They’re not hearing us

Summary by Alabama Live
Dear Eric: We have two nephews, 17 and 21, and felt it was time to teach them money management skills and saving for retirement. At Thanksgiving, we funded two brokerage accounts for each – a $7,000 Roth IRA and $3,000 brokerage. We also gave two books on long-term investing.

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The Mercury newsThe Mercury news

Asking Eric: I tested my nephews with a $10,000 gift, and they failed

Eric Thomas: Now I'm reconsidering my plan to put them in my will.

·San Jose, United States
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The OregonianThe Oregonian

Asking Eric: We’re trying to teach our nephews value of wise financial planning. They’re not hearing us

Dear Eric: We have two nephews, 17 and 21, and felt it was time to teach them money management skills and saving for retirement. At Thanksgiving, we funded two brokerage accounts for each – a $7,000 Roth IRA and $3,000 brokerage. We also gave two books on long-term investing.

·Portland, United States
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NewsAdvance.comNewsAdvance.com

Two nephews fail $10K money management 'test'

Dear Eric: We have two nephews, 17 and 21, and felt it was time to teach them money management skills and saving for retirement. At Thanksgiving, we funded two brokerage accounts for each — a $7,000 Roth IRA and $3,000…

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Alabama LiveAlabama Live
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Tribune Content AgencyTribune Content Agency

Asking Eric: Nephews fail $10k gift ‘test’

Dear Eric: We have two nephews, 17 and 21, and felt it was time to teach them money management skills and saving for retirement. At Thanksgiving, we funded two brokerage accounts for each – a $7,000 Roth IRA and $3,000 brokerage. We also gave two books on long-term investing.

·Alabama, United States
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The Washington PostThe Washington Post

Column | Asking Eric: I funded brokerage accounts for my nephews. Was it a mistake?

Letter writer tried to teach their disinterested nephews how to invest by funding their brokerage account.

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The Washington Post broke the news in on Monday, March 3, 2025.
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